Operations
Photograph: Mahmoud Suhail – inventory.adobe.com
February 5, 2026
Yum Manufacturers, Inc. launched its monetary outcomes for the fourth quarter and full yr ended Dec. 31, 2025, highlighting important revenue development and a record-breaking yr for growth at its KFC and Taco Bell divisions.
The corporate reported a sturdy end to the fiscal yr, pushed by double-digit revenue development within the last quarter:
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Quarterly Progress: Fourth-quarter GAAP working revenue grew 12%, whereas Core Working Revenue (excluding the lap of the 53rd week) grew 11%.
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Earnings Per Share: Fourth-quarter GAAP EPS was $1.91. For the complete yr, EPS excluding Particular Gadgets reached $6.05, marking a ten% enhance over 2024.
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Annual Outcomes: Full-year GAAP working revenue grew 7%.
“Yum delivered one other yr of excellent outcomes at KFC and Taco Bell with our fundamentals stronger than ever at each manufacturers,” Chris Turner, CEO, mentioned in an organization press launch. “Taco Bell once more gained market share with standout same-store gross sales efficiency, and KFC delivered one other record-breaking yr of unit growth. We enter 2026 with a transparent strategic concentrate on accelerating long-term development, embodied in our multi-year ‘Increase the Bar’ priorities.”
KFC opened 1,132 gross new eating places through the quarter and a pair of,986 gross new eating places throughout 105 international locations for the yr. Taco Bell opened 228 gross new eating places through the quarter and 376 gross new eating places throughout 27 international locations for the yr. Taco Bell U.S. system gross sales grew 2%.
“Within the fourth quarter, Yum! demonstrated its distinctive means to attain sturdy efficiency whereas navigating a posh atmosphere,” Ranjith Roy, CFO, added within the press launch. “We sustained sturdy topline outcomes, delivered double-digit revenue development, accomplished a sizeable Taco Bell retailer acquisition and commenced a overview of strategic choices for the Pizza Hut model.”
In an earnings name yesterday, the corporate mentioned it’s going to shutter 250 underperforming Pizza Hut areas within the U.S. as a part of its “Hut Ahead” technique. The closures comes as Pizza Hut’s retailer gross sales within the U.S. declined by 3% within the fourth quarter of 2025.
“The 250 shops that we talked about is a really small portion of the 20,000-unit property that Pizza Hut has globally,” Roy mentioned through the earnings name. “And it’s the proper reply for the model as we transfer via the strategic overview.”
Pizza Hut did open 443 new eating places through the quarter and 1,184 gross new eating places throughout 65 international locations for the yr.
The corporate targets the next long-term monetary efficiency metrics, first introduced in 2022, that it believes it will possibly obtain over an prolonged time frame, on common:
- 5% unit development.
- 7% system gross sales development, excluding F/X.
- A minimum of 8% core working revenue development.
